Attached files
Report of Independent Registered Public Accounting Firm
The Board of Directors
Citibank, N.A.:
We have examined management's assertion, included in the accompanying Management's Assertion of
Compliance, that the Agency and Trust division of Citibank, N.A. (the "Company") complied with the
servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB
for publicly-issued (i.e., transaction-level reporting initially required under the Securities Exchange Act of
1934, as amended)
and certain privately-issued (i.e., for which transaction-level reporting is required
pursuant to contractual obligation) commercial mortgage-backed securities issued on or after January 1,
2011, as listed in Appendix A of the accompanying Management's Assertion of Compliance, for which the
Company provides the following servicing functions: paying agent, certificate administration and trustee;
or certificate administration and paying agent (the "Platform"), except for servicing criteria 1122(d)(1)(iii),
1122(d)(4)(i)-1122(d)(4)(ii) and 1122(d)(4)(iv)-1122(d)(4)(xv), which the Company has determined are
not applicable to the activities it performs with respect to the Platform, as of and for the twelve months
ended December 31, 2014. Servicing criterion 1122(d)(4)(iii) is applicable to the activities the Company
performs with respect to the Platform only as it relates to the Company's obligation to report additions,
removals or substitutions on reports to investors in accordance with the transaction agreements. With
respect to servicing criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), there were no activities performed during
the twelve months ended December 31, 2014 with respect to the Platform, because there were no
occurrences of events that would require the Company to perform such activities. Management is
responsible for the Company's compliance with the servicing criteria. Our responsibility is to express an
opinion on management's assertion about the Company's compliance based on our examination.
Our examination was conducted in accordance with the attestation standards of the Public Company
Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis,
evidence about the Company's compliance with the servicing criteria specified above and performing such
other procedures as we considered necessary in the circumstances. Our examination included testing
selected asset-backed transactions and securities that comprise the Platform, testing selected servicing
activities related to the Platform, and determining whether the Company processed those selected
transactions and performed those selected activities in compliance with the servicing criteria. Furthermore,
our procedures were limited to the selected transactions and servicing activities performed by the Company
during the period covered by this report. Our procedures were not designed to determine whether errors
may have occurred either prior to or subsequent to our tests that may have affected the balances or amounts
calculated or reported by the Company during the period covered by this report for the selected
transactions or any other transactions. We believe that our examination provides a reasonable basis for our
opinion. Our examination does not provide a legal determination on the Company's compliance with the
servicing criteria.
In our opinion, management's assertion that the Company complied with the aforementioned servicing
criteria as of and for the twelve months ended December 31, 2014 is fairly stated, in all material respects.
/s/KPMG LLP
Chicago, Illinois
February 27, 2015